Portland is a well-established suburb in Victoria within the Glenelg local government area (postcode 3305). With a population of 10,016, the suburb has a mature demographic with a median age of 47. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Portland is $415,000, having declined 5.5% over the past year. Units have a median price of $300,000 (-16.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,083.
Portland is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 58 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Portland offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($415K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -5.5% year-on-year.
Portland is a well-established suburb in Victoria within the Glenelg local government area (postcode 3305). With a population of 10,016, the suburb has a mature demographic with a median age of 47. Households earn a median income of $60K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Portland is $415,000, having declined 5.5% over the past year. Units have a median price of $300,000 (-16.4% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,083.
Portland is served by 8 schools, including 5 primary, 2 secondary, 1 special. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 58 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Glenelg LGA is higher than average at 12,431 incidents per 100,000 population.
From an investment perspective, Portland offers a gross rental yield of 5.0%, rated as high yield. Property prices sit below the state median ($415K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -5.5% year-on-year.